Generali Asset Management SPA SGR Has $2.84 Million Stake in Veralto Corporation $VLTO

Key Points

• Generali Asset Management SPA SGR increased its stake in Veralto Corporation by 104.4% in Q2, owning 28,152 shares valued at $2.84 million.
• Veralto reported Q2 earnings of $0.93 EPS, surpassing analyst estimates, with a revenue increase of 6.4% year over year.
• The company has declared a quarterly dividend of $0.11 per share, with an annualized dividend yield of 0.4%, set to be paid on October 31st.

Generali Asset Management SPA SGR grew its holdings in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 104.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,152 shares of the company's stock after acquiring an additional 14,381 shares during the quarter. Generali Asset Management SPA SGR's holdings in Veralto were worth $2,842,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of VLTO. Baldwin Investment Management LLC grew its holdings in shares of Veralto by 3.4% during the first quarter. Baldwin Investment Management LLC now owns 3,219 shares of the company's stock worth $314,000 after purchasing an additional 106 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Veralto by 1.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company's stock worth $856,000 after purchasing an additional 113 shares during the last quarter. Phoenix Financial Ltd. grew its holdings in shares of Veralto by 2.9% during the first quarter. Phoenix Financial Ltd. now owns 4,644 shares of the company's stock worth $454,000 after purchasing an additional 132 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Veralto by 3.6% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company's stock worth $378,000 after purchasing an additional 134 shares during the last quarter. Finally, Argent Trust Co grew its holdings in shares of Veralto by 1.8% during the first quarter. Argent Trust Co now owns 8,096 shares of the company's stock worth $789,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Veralto Price Performance

Veralto stock opened at $101.78 on Friday. The stock has a market capitalization of $25.26 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 3.36 and a beta of 0.90. Veralto Corporation has a 52-week low of $83.86 and a 52-week high of $115.00. The stock's 50 day moving average price is $106.16 and its two-hundred day moving average price is $101.06. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. On average, equities analysts predict that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, September 30th. Veralto's dividend payout ratio is presently 12.29%.

Insider Activity

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the transaction, the chief executive officer directly owned 106,219 shares in the company, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.36% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on VLTO shares. Barclays reduced their target price on Veralto from $120.00 to $119.00 and set an "overweight" rating on the stock in a report on Monday, October 6th. Royal Bank Of Canada upped their target price on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Raymond James Financial started coverage on Veralto in a report on Tuesday, August 26th. They issued a "market perform" rating on the stock. Finally, Stifel Nicolaus set a $120.00 target price on Veralto and gave the company a "buy" rating in a report on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $113.43.

Veralto Company Profile

Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands.

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